El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[Cossyblack]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?

What massive liquidation are you even talking about? Well about the Bybit Exchange incident,it's true that they were attacked and got hacked by the Lazarus group but that's doesn't mean Centralized exchanges are not safe for crypto transactions anymore, although exchanges are not 100% safe and that's why it's too Risky to stored our valuable assets in exchanges because it can be hacked and our assets can be lost in the process, instead we should consider using DEX for storing of our valuable assets because it's  safer and difficult to hack.

Instead of people loosing faith in Bitcoin,the reverse is the case as bitcoin has been receiving worldwide recognition and adoption as many countries are considering setting up a strategic Bitcoin reserve while others like El Salvador have already started buying bitcoin consistently in to their reserve.
China have even unbanned the used of Bitcoin and now allow ownership of Bitcoin and crypto in the country here
Bitcoin is becoming more popular on a daily and has been gaining massive trust from world leaders and individuals who out of trust have started buying bitcoin consistently & Hodling for Future

[john_egbert]

What massive liquidation are you even talking about? Well about the Bybit Exchange incident,it's true that they were attacked and got hacked by the Lazarus group but that's doesn't mean Centralized exchanges are not safe for crypto transactions anymore, although exchanges are not 100% safe and that's why it's too Risky to stored our valuable assets in exchanges because it can be hacked and our assets can be lost in the process, instead we should consider using DEX for storing of our valuable assets because it's  safer and difficult to hack.

Instead of people loosing faith in Bitcoin,the reverse is the case as bitcoin has been receiving worldwide recognition and adoption as many countries are considering setting up a strategic Bitcoin reserve while others like El Salvador have already started buying bitcoin consistently in to their reserve.
China have even unbanned the used of Bitcoin and now allow ownership of Bitcoin and crypto in the country here
Bitcoin is becoming more popular on a daily and has been gaining massive trust from world leaders and individuals who out of trust have started buying bitcoin consistently & Hodling for Future

I do think @Nothingtodo refers to the liquidations on BTC and on the market overall, currently - over 1 billion worth of $ on them, as I saw in some news.

Fear of recession is a big thing..

[Koadharber]

What massive liquidation are you even talking about? Well about the Bybit Exchange incident,it's true that they were attacked and got hacked by the Lazarus group but that's doesn't mean Centralized exchanges are not safe for crypto transactions anymore, although exchanges are not 100% safe and that's why it's too Risky to stored our valuable assets in exchanges because it can be hacked and our assets can be lost in the process, instead we should consider using DEX for storing of our valuable assets because it's  safer and difficult to hack.

Instead of people loosing faith in Bitcoin,the reverse is the case as bitcoin has been receiving worldwide recognition and adoption as many countries are considering setting up a strategic Bitcoin reserve while others like El Salvador have already started buying bitcoin consistently in to their reserve.
China have even unbanned the used of Bitcoin and now allow ownership of Bitcoin and crypto in the country here
Bitcoin is becoming more popular on a daily and has been gaining massive trust from world leaders and individuals who out of trust have started buying bitcoin consistently & Hodling for Future

I do think @Nothingtodo refers to the liquidations on BTC and on the market overall, currently - over 1 billion worth of $ on them, as I saw in some news.

Fear of recession is a big thing..

Whenever that there are some negative news on which just like on that recent tariff thing then everything has dropped its price not only just that into forex,stocks,indices but also in crypto. Is this a shocking thing?
No its not, just like on what you have said that fear or recession is a big thing on which it might give out that big domino effect on which makes these current red into our portfolio but actually these are things that arent that shocking things anymore but rather a sentiment that could actually happen in a market. So its up to you on how you do make out some adjustments into your portfolio on how you do make out adjustments accordingly on whatever the market behavior or condition on what it do have. Its impossible that you cant be able to determine out these factors that affect out price whenever there's positive or negative news.
DCA will be the best action that need up to take because once the market do make out recover then this is where profits do came.

[fikrett]

Whenever that there are some negative news on which just like on that recent tariff thing then everything has dropped its price not only just that into forex,stocks,indices but also in crypto. Is this a shocking thing?
No its not, just like on what you have said that fear or recession is a big thing on which it might give out that big domino effect on which makes these current red into our portfolio but actually these are things that arent that shocking things anymore but rather a sentiment that could actually happen in a market. So its up to you on how you do make out some adjustments into your portfolio on how you do make out adjustments accordingly on whatever the market behavior or condition on what it do have. Its impossible that you cant be able to determine out these factors that affect out price whenever there's positive or negative news.
DCA will be the best action that need up to take because once the market do make out recover then this is where profits do came.

What should be done is just forgetting about the sad news on the market and hodling through.

Because black factors that dip the market eventually will be changed with white factors, so to speak - and confidence will rebounce the market.

[avp2306]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?

Its normal feeling especially that people didn't expect that those hacking will happen to them. Although Bybit lose lots of money from recent hacking they still manage to recover and make their exchange still available to people who want to withdraw on their platform. But I don't think that hacking situation together with what platform you have mention and also the current temporary market liquidation happening would really make people disappointed then go away from Bitcoin. If there's someone do that I guess they don't know Bitcoin well. But for sure those people who choose to stay would provably think about this negative conditions they experience will not last long and better days would provably come again since this is what usually we see from Bitcoin.

Although there might be some effect towards how people will look at it especially for some people in El Salvador but those good efforts made by their government to educate people well about Bitcoin would provably bare good result to their citizens in future. For now its good to see that they are still with Bitcoin despite of those challenges they encounter.

[Vip 75]

Aranceles bajos propician oportunidad para las exportaciones nacionales
Para el economista y expresidente del BCR, Mauricio Choussy, la imposición del 10 % daría a El Salvador una ventaja sobre competidores que han sido gravados con aranceles más altos por los Estados Unidos.

https://www.talkimg.com/images/2025/04/09/xnCCN.jpeg

El economista también puso de relieve las buenas relaciones que ha sostenido el presidente Nayib Bukele con la administración Trump como un elemento del cual se podría echar mano para conseguir beneficios comerciales.

«El presidente Bukele, muy atinadamente, está vendiendo a El Salvador como un país amigo de los Estados Unidos […], yo creo que si lo sabe manejar bien y aprovecharse de esa situación en la cual aparentemente hay buenas relaciones podemos también sacar algunas ventajas», consideró.

Estas declaraciones se dieron en el marco de un evento sobre empresarial realizado por un banco comercial.


https://diarioelsalvador.com/aranceles-bajos-propician-oportunidad-para-las-exportaciones-nacionales/641736/

[Muba20]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

The way El Salvador has introduced Bitcoin to its people in a short period of time is not as good as the people of many developed countries. I admit that it will take a while to get the feedback as expected. Moreover, we will have to wait a few more days to see the results of how much El Salvador has improved. They are already teaching about Bitcoin in their education system and the benefits and various aspects of using it and we will get the results of this education in the next few years.

Various crypto exchange platforms have been allowed to provide services in their country and I hope this trend will continue in the future. Particularly Not only Bybit, there are many such hacking incidents in crypto history. To protect themselves from such situations, El Salvador is basically busy educating the citizens of their country more. They have taken various educational steps that will help them raise greater awareness in the future.

[Soft Crem]

🇸🇻El Salvador is now safer to travel to than France, the UK, Spain, and Germany after the Trump administration upgraded their travel safety designation to Level 1, the highest rating.

Gang violence PLUMMETED since 2019 after Bukele cracked down on crime.



https://x.com/libsoftiktok/status/1909964394278035462?t=uwHydYjRbqm70pskQLpkBg&s=19

[Popkon6]

Moreover, the people of El Salvador are mostly not very knowledgeable about Bitcoin and are even technologically backward. Many do not have mobile phones or do not have access to mobile phones, so they are not able to use Bitcoin.

I think it won't take long for most people in El Salvador to become as knowledgeable about Bitcoin as possible because they have a variety of programs in their hands to accomplish this task. Even then they will have the most influence in the case of Bitcoin because they were the first to legalize it and you will see that the Bitcoin program in schools in El Salvador never stops.

Recently we can see that a leading crypto exchange Bitget has already been granted approval in El Salvador, It is also observed that DASP and BSP have also been approved. Everyone thinks that through this exchange, everyone in that country will be able to receive crypto services.

Bitget secures full crypto licence in El Salvador

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?

What massive liquidation are you even talking about? Well about the Bybit Exchange incident,it's true that they were attacked and got hacked by the Lazarus group but that's doesn't mean Centralized exchanges are not safe for crypto transactions anymore, although exchanges are not 100% safe and that's why it's too Risky to stored our valuable assets in exchanges because it can be hacked and our assets can be lost in the process, instead we should consider using DEX for storing of our valuable assets because it's  safer and difficult to hack.

Instead of people loosing faith in Bitcoin,the reverse is the case as bitcoin has been receiving worldwide recognition and adoption as many countries are considering setting up a strategic Bitcoin reserve while others like El Salvador have already started buying bitcoin consistently in to their reserve.
China have even unbanned the used of Bitcoin and now allow ownership of Bitcoin and crypto in the country here
Bitcoin is becoming more popular on a daily and has been gaining massive trust from world leaders and individuals who out of trust have started buying bitcoin consistently & Hodling for Future

Have you ever noticed that the Bitcoin market is dumping as much as the weak hands are panicking, but El Salvador's President Nayib Bukele is holding Bitcoin in the DCA method every day for the long term. Maybe this is the worst time for small investors who are panicking and selling Bitcoin, you can also notice that various companies and large investors are collecting Bitcoin and holding it at this deep moment. Only our thinking is deteriorating, you think carefully about the purpose of holding Bitcoin, your thoughts will definitely be fruitful.
Because the more Bitcoin prices are dumped, the more investors will have the opportunity to buy and use the long term to hold more, the DCA method is the only method to collect Bitcoin for a long time. El Salvador currently has 6143.18 Bitcoins, they are holding regularly and will keep this holding for several years to come.

[cryptoWODL]

By the way, I am witnessing another important step in El Salvador right now, which is the launch of a Bitcoin diploma program in their public high school. 280 students have already been admitted here.

Not many have education in the field of blockchain technology. I think it's a good step, not only giving direct adoption but education is a good step. The blockchain brought does not only make you rich, but the technology is able to benefit the progress of the industry in El Salvador.

With all of El Salvador's important activities, it would seem that the next generation in their country will gain much more experience with blockchain technology.

We are constantly seeing evidence of the good steps they have taken such as providing education, today we saw again that 320 students from Maria Peralta Lagos, El Salvador graduated with a Bitcoin Diploma. In my opinion step by step their initiatives are seeing success.

BITCOIN GRADUATION IN EL SALVADOR!

320 students at the Instituto Nacional José María Peralta Lagos graduated today with a bitcoin diploma.

https://x.com/bitcoinofficesv/status/1910742369885946327?t=G8rXzHZYQ0mLASrFSsM_1A&s=19

[Cossyblack]

El Salvador bought additional BTC to their reserve Here
El Salvador knows consistency and long term vision is the key and  to fulfil the promise they made to all Salvadorans,El Salvador have been buying 1BTC per day for Every day.

[Vip 75]

🇸🇻EL SALVADOR ADDS MORE BITCOIN TO STRATEGIC RESERVE

Even on weekends, El Salvador buys 1 BTC per day, every day.

Proof of stack

https://www.talkimg.com/images/2025/04/12/xNMMo.jpeg


https://x.com/bitcoinofficesv/status/1911087212638228578?t=hd0nJE-Husqf_SbaCQZtdQ&s=19

[Soft Crem]

Las principales plazas del centro capitalino serán el escenario de las actividades organizadas por la Secretaría de @CulturaenSS, que arrancarán este sábado 12 de abril con un desfile de la Banda Bicentenario en la plaza Gerardo Barrios de 4:00 a 6:00 p.m.



https://x.com/elsalvador/status/1911108018239934617?t=xn0HLY54Bpwet-sScMfeGg&s=19
Estamos listos para recibir a todos los que aprovechan este periodo vacacional para disfrutar con sus familias y amigos, en este ambiente de seguridad que vive nuestro país. Hemos preparado una agenda de actividades, en su mayoría gratuitas, en cada uno de los distritos que conforman San Salvador Centro», indicó el concejal municipal @frangaray.




https://x.com/elsalvador/status/1911107221724741823?t=gvn1IaN2A7uwdCXuLebqnw&s=19

#DePaís | La @alcaldia_ss lanzó este sábado el Plan Municipal para Semana Santa 2025 para garantizar la seguridad de la población. Las estrategias también incluyen una agenda de actividades culturales que se desarrollarán en el Centro Histórico de San Salvador y en otros espacios públicos, para turistas nacionales y extranjeros. Fotos cortesía





https://x.com/elsalvador/status/1911106548035702899?t=fgj1XH4-Xe5QdsMijHzW9Q&s=19

[coupable]

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?

People in El Salvador have never trusted their president's Bitcoin ambitions, and the president himself (the initiator) knows this very well, as he is fully aware of his country's economic situation, which lacks the necessary infrastructure to support such plans. When the plan was launched, the government launched a Bitcoin wallet, and to encourage citizens to use it, a $30 reward was offered to anyone who downloaded the wallet and successfully completed the registration steps (centralized wallet). People, of course, rushed to download the wallet and spend the $30 so that they would never use it again.

[laspol65]

While major countries in the world have not legalized Bitcoin, the small Latin American country of El Salvador has recognized Bitcoin as legal currency.
There are some arguments that can be made regarding the legality of Bitcoin in El Salvador.

Since El Salvador does not have its own currency, they wanted to reduce their dependence on the dollar by relying on Bitcoin, which is why El Salvador was the first to take a risk on the legitimacy of Bitcoin, something that other countries considered risky.

Moreover, one of the main sources of income for El Salvador is remittances sent by El Salvadorans living in the United States. If remittances can be sent through Bitcoin, it will be much less complicated and costly. This decision is the reason why El Salvador legalized Bitcoin.

The President of El Salvador took a far-sighted view, considering that 70% of his country's population uses mobile phones and does not have bank accounts. If Bitcoin were to be legalized there and a government wallet, the "Chivo wallet", was launched, most citizens would transact Bitcoin through wallets instead of banks. From this perspective, he made a groundbreaking decision regarding the acceptance of Bitcoin, which the major countries of the world did not dare to do.

We will see how his legacy will be remembered in the end, but I do think it will be a fond one.

Even with IMF on their tail all the time.

El Salvador should seek financial assistance from China  since the terms and conditions given to them by the IMF is not favorable and has been difficult for them to maintain.El Salvador and China have a strong bilateral ties even having Embassies in both countries. I can still remember when the Chinese government willingly offered financial assistance to El Salvador which their ignore. China has been a bigger player and has contributed immensely to the development of El Salvador . I think El Salvador should re consider taking loans from China as their interest fees is low compared to the IMF .

Recently El Salvador bought additional BTC to their reserve here
Nayib Bukele should continue to invest in BTC because the rewards in the future will be profitable and would contribute to the country financial system.

El Salvador is constantly investing in Bitcoin, you can see that they have saved the most for those who bought the current dip. This is the daily DCA method, they held on to the investment, it is still intact and they have 6145 Bitcoins. In the current world market, many countries have given them loans, if the IMF had given them conditions, but El Salvador did not care about those conditions.

Since then, many countries have expressed interest in giving them loans, China is one of them, but I think that soon the President of El Salvador, Nayab Bukele, can take this opportunity to take a loan from China. And he can play a greater role in buying Bitcoin, because their daily Bitcoin purchase is going well so far and will continue in the future because they believe in Bitcoin and this Bitcoin will play a major role in the financial well-being of their country.

[Die_empty]

People in El Salvador have never trusted their president's Bitcoin ambitions, and the president himself (the initiator) knows this very well, as he is fully aware of his country's economic situation, which lacks the necessary infrastructure to support such plans. When the plan was launched, the government launched a Bitcoin wallet, and to encourage citizens to use it, a $30 reward was offered to anyone who downloaded the wallet and successfully completed the registration steps (centralized wallet). People, of course, rushed to download the wallet and spend the $30 so that they would never use it again.

People just need a phone/computer and internet connection to use Bitcoin, hence, the issue of El Salvador not having the necessary infrastructure is not the real people. It is important to recognize that El Salvador is the first country to make Bitcoin legal tender, which means they might make a few mistakes.

Instead of these attacks, Bitcoiners should appreciate Nayab Bukele for taking such a bold step of taking Bitcoin to another level. The policy is not without flaws but the country has consistently invested in Bitcoin awareness, thereby increasing adoption not just only within the country but beyond. Some people outside El Salvador became aware of Bitcoin because a country made it a legal tender.

[Taskford]

The Bybit exchange hacking incident a few days ago has created a kind of uncertainty and loss of trust in centralized exchanges among people. Moreover, no matter how much we think about it, the people of Salvador are losing faith in the Central Exchanges, including the Chivo wallet. After the massive liquidation in the crypto market right now, people in any country will lose some confidence in Bitcoin. Will the people of El Salvador be an exception?

People in El Salvador have never trusted their president's Bitcoin ambitions, and the president himself (the initiator) knows this very well, as he is fully aware of his country's economic situation, which lacks the necessary infrastructure to support such plans. When the plan was launched, the government launched a Bitcoin wallet, and to encourage citizens to use it, a $30 reward was offered to anyone who downloaded the wallet and successfully completed the registration steps (centralized wallet). People, of course, rushed to download the wallet and spend the $30 so that they would never use it again.

There's nothing said they never trust their president ambition or decision, but rather Salvadorans mostly avoid for using this coin its because for sure they don't know how to deal with their Bitcoins. He would never secure his second term if people don't trust him. That's why at the moment there's ongoing Bitcoin education happening. There are lots of information shared about it by other member which provably could help people to understand well about Bitcoin.

Their first try maybe failed its because people don't have knowledge about Bitcoin. But since there are great initiatives done and the government of El Salvador is consistent with their intention and show to people how good Bitcoin is for sure that great time would come for their country also with their citizens to.

[Bitcoin_people]

🇸🇻EL SALVADOR ADDS MORE BITCOIN TO STRATEGIC RESERVE

Even on weekends, El Salvador buys 1 BTC per day, every day.

Proof of stack




https://x.com/bitcoinofficesv/status/1911087212638228578?t=hd0nJE-Husqf_SbaCQZtdQ&s=19

The government of El Salvador is constantly collecting Bitcoin in its reserves, so far it has invested a lot in Bitcoin. Nayib Bukele has been buying one Bitcoin every day since 2021 and collecting it in his reserves. He has kept his Bitcoins for the future and has kept them for the long term. He does not stop investing no matter what the Bitcoin market is at, but he continues to invest. Currently, the government of El Salvador has invested about BTC6,145+ Bitcoins, the way he is recruiting Bitcoin investing, of course, a large amount of Bitcoin will be stored in his strategic reserve in the future.

[Cossyblack]

Link
Nayib Bukele has a purpose for buying bitcoin consistently despite the country not having enough financial resources. I believe his vision is to revamp the economy of El Salvador while creating a conductive and secure environment for investments,reduce inflation using bitcoin. Bukele top priority is to transform El Salvador into a vibrant and better mega city that will attract top and world class investors with investments that will boost the economy and provide employment for his people. Bukele is a long term visionary that believes acquiring enough Bitcoin will brings his plans into reality.

[laspol65]

As far as I know, Bitcoin's popularity has been increasing a lot since 2019.We know that several countries have said that Bitcoin is legal, but El Salvador will be the first to make it mainstream.Well, without a doubt, it is something that has been working for a long time, but they are lights of how the recognition and adoption of bitcoin could begin

El Salvador has adopted Bitcoin as a legal tender, and they are purchasing one Bitcoin daily using the current DCA system. The country's government has confidence in Bitcoin and wants to hold it for a long time, the biggest thing is that Bitcoin plays the biggest role in the country's economy. That is why the government of El Salvador has given this Bitcoin the most priority, and has taken the most steps to educate the people of its country about Bitcoin.
They are teaching Bitcoin to both women and men of all ages, from children to adults. So that the people of its country are not ignorant about Bitcoin, they are teaching schools to make everyone knowledgeable. And in the future, who and students can grasp this Bitcoin best for their country and play a role in the country's economy.